We have a great zone on EU he Euro to Dollar (EUR/USD) exchange rate dipped to just below 1.14 this week before a recovery to the 1.1550 after the latest US jobs data. On a long-term view, Berenberg expects fiscal deterioration will be a key element undermining the dollar and it considers that EUR/USD gains to 1.50 are realistic over the longer term. Berenberg...
EUR CAD we have a great set up on H4 time frame fib 78.6 zone for a sell patience. The Dollar trims losses on Monday but remains far from last week's highs near 100.00. The Greenback lost 1.6% on Friday as the US Nonfarm Payroll report revealed that job creation has been much lower than previously thought. Friday's employment figures boosted hopes of immediate...
UD/USD stays mildly on the downside at this point. Fall from 0.6594 is tentatively seen as a correction to rise from 0.5913. Deeper fall would be seen to 38.2% retracement of 0.5913 to 0.6594 at 0.6334. Strong support could be seen there to bring rebound. For now, near term outlook is neutral as long as 0.6594 resistance holds, and more consolidations would be seen.
he June consumer price inflation report shows a 0.3% month-on-month reading for headline inflation (0.287% to three decimal places) and a 0.2% MoM outcome for core (0.228%) versus the consensus forecast of 0.3% for both. The details show that there was some scattered evidence of early tariff impacts on some goods components – mainly fresh fruit & vegetables,...
Trump letter 35% tariff on Canada. Trump has hit Canada very nard with a 35% tariff rate. Trump says will send tariff letters informing EU, Canada of the rates by Friday Trump's letter to Canada - The Canada dollar has fallen sharply with Trump's 35% tariff rate on the country The US dollar has jumped higher with 'risk' getting slammed. The Canadian dollar a...
GBP/USD found a slight rebound to muscle back above 1.3450 on Thursday. Despite near-term Greenback strength on geopolitical concerns, markets took a break during the midweek US holiday session. Israel-Iran tensions continue to rise, and the Trump administration is drawing out a decision on getting involved directly. GBP/USD found some room on the high side on...
NZDJPY great chart 78.6 fib is where i will look at rejections on H1 and M30. Have you been paying attention to commodities? People are talking about the next ‘commodity supercycle’. That’s a fun word for all commodity prices going up a lot. The theory goes that it started in 2020 in the aftermath of the pandemic but it’s really only been gold that has been...
Entry AUDCAD - 12/05/25 time 11.38 Asian highs taken out aiming for Asian lows 3pin on right shoulder fib 78.6 exactly US Dollar Index posts over 1% gain after China and US announce a 90-day tariff truce. Fed’s Kugler says assessing economy remains difficult amid trade shifts and household stockpiling. US 10-year Treasury yield spikes to 4.45%, supporting...
Loving this set up great run.resident Donald Trump says tariffs on Chinese imports to the United States will eventually be lowered, after both Beijing and Washington appeared to soften their positions about potential trade talks. “At some point, I’m going to lower them because otherwise you could never do business with them,” he said in an interview with NBC’s...
Nonfarm Payrolls (NFP) in the US rose by 177,000 in April, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 185,000 increase (revised from 228,000) reported in March and came in better than analysts' estimate of 130,000.
I look for 3pin head and shoulders on a chart, Optimism about a de-escalation in the global trade conflict helped the US Dollar (USD) despite disappointing data releases. US President Donald Trump reported undergoing trade talks with South Korea, Japan and India. He also claimed that there’s a “very good” chance of clinching a deal with China, yet added that any...
An increasing probability of stagflation risk in the US may see further narrowing of the 2-year sovereign yield premium spread between US Treasuries and JGBs. CAD/JPY is the second worst-performing major yen crosses in the past three months. CAD/JPY may see another round of impulsive down move sequence with the following medium-term supports coming in at 99.60 and 97.55.
AUDUSD - ENTRY 03/04/2025 INVERSE HEAD AND SHOULDERS FIB 78.6 CLEAN BULLISH WICK 3PIN AUD/USD trades in negative territory near 0.6280 in Thursday’s early Asian session. China will face a 54% tariff under the new Trump policy, weighing on the Aussie. China’s Caixin Services PMI climbed to 51.9 in March, stronger than expected. The AUD/USD pair remains...
Another pair that appears attractive for buying at a key Bullish flag.A bull flag is a chart pattern used by technical traders to signal when the market is likely to rally further. This pattern usually appears when prices undergo a short-term corrective phase within a broader uptrend, indicating that the asset is likely to experience a further rise in price. The...
CHF JPY Entry 1pm 26/03/2025 Bull flag with pole fib 78.6 CHFJPY currency pair recently broke the resistance zone lying at the intersection of the resistance level 169.50 (former upward correction top from February) and the 38.2% Fibonacci correction of the sharp downward impulse from December.
USD/JPY falls back as the US Dollar gains on the Fed’s support for a restrictive policy stance. US President Trump’s tariff policies are expected to boost US inflation and weigh on economic growth. Japan’s National CPI cooled down in February. The USD/JPY pair gives up entire intraday gains after facing selling pressure around 149.60 and drops to near 148.60...
AUD/USD trades near the 0.6270 region, failing to recover ground amid persistent USD strength. A soft Australian labor market report and safe-haven demand for the US Dollar continue to weigh on the Aussie. Technical indicators point to further downside as the pair remains below key moving averages. The AUD/USD pair remained depressed during the American session...
USD/CHF trades sideways around 0.8820 even though the US Dollar trades strongly. Fed Williams believes that the current moderate restrictive policy stance is appropriate. The SNB cut its interest rates by 25 bps to 0.25% on Thursday. The USD/CHF pair flattens around 0.8820 during North American trading hours on Friday. The Swiss Franc pair trades sideways even...